Consider an Economy That Produces Only DVDs and DVD Players

question 143

Multiple Choice

Consider an economy that produces only DVDs and DVD players. Last year, 10 DVDs were sold at $20 each and 5 DVD players were sold at $100 each, while this year 15 DVDs were sold at $10 each and 10 DVD players were sold at $50 each. Real GDP this year using last year as the base year is:

• A) $100.
• B) $700.
• C) $1,300.
• D) $300

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Definitions:

Attractiveness

A quality that makes an object, person, or concept appealing or desirable.

Sympathetic Nervous System

Part of the autonomic nervous system that activates the body's fight or flight response during perceived threats.

Blood Pressure

The force exerted by circulating blood on the walls of blood vessels, a critical indicator of cardiovascular health.

Heart Rate

The number of heartbeats per unit of time, usually expressed as beats per minute (bpm), an important measure of heart health and physical fitness.